Insurer, Insured Argue In 5th Circuit If Fraud Scheme Was Covered Computer Fraud
Mealey's (June 8, 2016, 11:03 AM EDT) -- NEW ORLEANS — In briefs filed with the Fifth Circuit U.S. Court of Appeals, a crime protection insurance provider and a policyholder dispute whether a fraud scheme that involved an email constituted computer fraud, thus triggering coverage under the policy (Apache Corp. v. Great American Insurance Co., No. 15-20499, 5th Cir.).
In March and April 2013, oil and gas exploration firm Apache Corp. fell victim to a fraud scheme when unknown individuals impersonated employees of Apache’s vendor Petrofac Facilities Management Ltd. Per representations from...